Diamond Wood AGM
30 Junio 2010 - 1:00AM
UK Regulatory
TIDMAXS
RNS Number : 4492O
Accsys Technologies PLC
30 June 2010
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| Regulatory Announcement |
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| |
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| Company Accsys Technologies |
| PLC |
| TIDM AXS |
| Headline |
| Released 30 June 2010 |
| Number |
| |
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30 June 2010
AIM: AXS
NYSE Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
(the "Company" or "Accsys")
Diamond Wood
Annual General Meeting
Further to previous announcements, Diamond Wood China Limited ("Diamond Wood"),
the Company's licensee in China, held its Annual General Meeting ("AGM") on 29
June 2010.
Following Accsys's attendance at that AGM, the Board of Accsys is pleased to
report that:
1. Diamond Wood has confirmed that it is in advanced discussions with two
independent parties who have each expressed an interest in investing sufficient
funds to enable the construction of the first Accoya wood manufacturing
facility in Nanjing, China (the "Fundraising");
2. Diamond Wood has confirmed that it is in receipt of an acceptable signed
term sheet in respect of the Fundraising from one of these parties, whilst term
sheet discussions are on-going with the other party;
3. Diamond Wood has confirmed that both parties have now completed their
commercial due diligence relating to the Fundraising; and
4. Accsys has supported resolutions tabled by Diamond Wood to allow the
Fundraising to complete. All such resolutions in respect of the Fundraising were
unanimously approved by Diamond Wood's shareholders at the AGM.
Accsys is delighted with Diamond Wood's progress on the Fundraising and looks
forward to further positive news and completion of the Fundraising in the near
future.
Ends
For further information, please contact:
+---------------------+-------------------------------------+--------------------+
| Accsys Technologies | Paul Clegg, Chief | +44 20 8150 8835 |
| PLC | Executive Officer | +31 26 366 1408 |
| | Hans Pauli, Chief | |
| | Financial Officer | |
| | | |
+---------------------+-------------------------------------+--------------------+
| Matrix Corporate | Stephen Mischler | +44 20 3206 7000 |
| Capital LLP | Anu Tayal | |
| | | |
| Threadneedle | Graham Herring | +44 20 7653 9850 |
| Communications | Josh Royston | |
| | graham.herring@threadneedlepr.co.uk | |
| | josh.royston@threadneedlepr.co.uk | |
+---------------------+-------------------------------------+--------------------+
| | | |
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| Citigate First | Wouter van de Putte | + 31 20 575 |
| Financial B.V. | Menno Delken | 4080 |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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